AI Weekly Digest Issue #10

Welcome back to AI Weekly Digest #10, your go-to resource for the most important artificial intelligence news and events from Week 25 of 2023.

As an AI enthusiast, staying informed about the rapid advancements in the field is crucial for both personal and professional growth. Our mission is to bring you a concise and comprehensive roundup of the latest breakthroughs, innovations, and discussions shaping the world of AI.

June 23, 2023

Google Cloud Launched A Powerful AI Tool to Fight Money Laundering

Google Cloud has launched an AI-powered anti-money laundering (AML) tool that uses machine learning to identify suspicious transactions and patterns. The tool, called AML AI, is designed to help financial institutions comply with AML regulations and detect financial crimes.

AML AI uses a variety of data sources, including customer data, transaction data, and network data, to build a risk score for each customer. The risk score is then used to identify customers who may be involved in money laundering or other financial crimes.

AML AI has been tested by HSBC, and the bank found that the tool was able to identify two to four times more true positive risk than their existing AML system.

From techmonitor

MosaicML’s MPT-30B Models: A New Frontier in Generative AI

MosaicML has released its most advanced models to date, the MPT-30B Base, Instruct, and Chat. These models are trained on NVIDIA’s latest-generation H100 accelerators and claim to offer superior quality compared to the original GPT-3 model.

MPT-30B is more accessible to run on local hardware and significantly cheaper to deploy for inference than GPT-3. It was also trained on longer sequences of up to 8,000 tokens, enabling it to handle data-heavy enterprise applications.

Several companies have already embraced MosaicML’s MPT models for their AI applications, including Replit, Scatter Lab, and Navan.

From artificialintelligence-news

£21M Fund to Bring AI Deeper into the NHS

The UK government has announced a £21 million fund to support the development and use of artificial intelligence (AI) in the National Health Service (NHS). The fund will be used to support a range of projects, including the development of AI-powered tools for diagnosis, treatment, and prevention of disease.

AI has the potential to revolutionize healthcare, and this fund is a significant step forward in making that happen. AI-powered tools can help to improve the accuracy of diagnoses, personalize treatment plans, and even predict the onset of disease. This could lead to better patient outcomes, reduced costs, and a more efficient healthcare system.

From techcrunch

June 22, 2023

AI Discovers Three Chemicals That Could Slow Down Aging

A team of researchers from the University of Cambridge have used artificial intelligence (AI) to identify three chemicals that could slow down aging. The chemicals, ginkgetin, periplocin, and oleandrin, are all natural compounds that have been shown to have senolytic properties. Senolytics are a class of drugs that can eliminate senescent cells, which are old, damaged cells that can contribute to the aging process.

The researchers used AI to analyze a database of over 4,000 chemicals and identify those that had the potential to be senolytics. They then tested the three most promising chemicals in mice and found that they were able to significantly reduce the number of senescent cells in the animals’ bodies.

The researchers say that their findings are a major step forward in the search for drugs that can slow down aging. They hope that their work will eventually lead to the development of new therapies that can help people live longer, healthier lives.

From foxnews

AI Could Disrupt Nearly 80% of Women’s Jobs

A new study by OpenAI and the University of Pennsylvania has found that nearly 80% of women’s jobs in the United States could be disrupted by artificial intelligence (AI) over the next few decades. The study, which was published in the journal Nature, found that AI is particularly likely to automate jobs that are currently held by women, such as administrative assistants, customer service representatives, and medical transcriptionists.

The study’s authors say that the findings have important implications for women’s economic security. They argue that policymakers need to take steps to help women prepare for the impact of AI on the workforce, such as providing training for new skills and creating new opportunities for women in high-growth industries.

From cnn

AWS Kicks Off $100M Initiative to Boost Generative AI

Amazon Web Services (AWS) has announced a new $100 million program to fund generative AI initiatives. The program, called the AWS Generative AI Innovation Center, will provide funding, resources, and support to help customers and partners develop and deploy generative AI applications.

From techcrunch

Open-Source AI Is Key to American AI Leadership

Hugging Face CEO Clement Delangue testified before the U.S. House Science Committee on June 15, 2023, arguing that open-source AI is “extremely aligned” with American values and interests. Delangue said that open-source AI promotes innovation, collaboration, and transparency, which are all essential for ensuring that the United States remains a leader in the field of AI. He also noted that open-source AI can help to address some of the challenges posed by AI, such as bias and security.

From venturebeat

DeepMind’s RoboCat: The AI-Powered Robot That Can Do It All

DeepMind has developed a new AI-powered robot called RoboCat that can perform a range of tasks. RoboCat was trained on a dataset of 253 different tasks, including picking up objects, opening doors, and stacking blocks. It can also adapt to new tasks on the fly, making it a versatile and adaptable robot.

RoboCat is still under development, but it has the potential to revolutionize the way we interact with robots. In the future, RoboCat could be used for a variety of tasks, such as assisting with manufacturing, healthcare, and customer service.

From techcrunch

ChatGPT, Bard, or Bing? The Best Generative AI Model, According to 40,000 People

ChatGPT, Bard, and Microsoft Bing are three of the most popular generative AI models on the market. But which one is the best? A recent poll of over 40,000 people has revealed the answer.

ChatGPT’s most advanced model, GPT-4, currently tops the list with an Elo rating of 1,225. Microsoft Bing is a close second, with an Elo rating of 1,200. Google Bard, which is still in development, ranks sixth (1,042).

The poll results suggest that ChatGPT is the best generative AI model for now. However, Google Bard is still under development, and it’s possible that it could overtake ChatGPT in the future.

From pcmag

June 21, 2023

OpenAI to Launch App Store for AI Software?

OpenAI, the non-profit research lab that created the powerful language model GPT-3, is considering creating an app store for AI software. The store would allow developers to sell their AI models to businesses, which could use them for a variety of tasks, such as fraud detection, customer service, and content generation.

OpenAI’s app store would be similar to the Apple App Store or Google Play Store, but for AI software. It would provide a centralized marketplace where businesses could find and purchase AI models that meet their specific needs. This would make it easier for businesses to adopt AI, and could help to accelerate the adoption of AI across a variety of industries.

From theinformation

Over 100,000 ChatGPT Credentials Leaked, Users Urged to Change Passwords

A massive leak of ChatGPT credentials has been discovered, affecting over 100,000 accounts. The credentials were found on illicit dark web marketplaces, and could be used by cybercriminals to gain access to user accounts and sensitive information.

The leak is thought to have been caused by the Raccoon info stealer, which is a malware that steals passwords, cookies, and other sensitive information from browsers. The majority of the compromised accounts were located in the Asia-Pacific region, followed by Europe.

From searchenginejournal

June 20, 2023

Biden Meets with AI Experts to Tackle Potential Risks

From fortune

The Turing Test Is Outdated: ChatGPT Shows Us Why We Need a New Benchmark for AI Intelligence

The Turing test, a classic benchmark for measuring artificial intelligence, is outdated. This is because ChatGPT, a large language model chatbot, has become so good at imitating human conversation that it can fool even experienced judges. DeepMind cofounder Mustafa Suleyman says that we need a new test of AI intelligence that takes into account ChatGPT’s wizardry.

From fortune

OpenAI Caught Lobbying to Water Down AI Regulations

OpenAI, the non-profit research company that created the powerful language model GPT-4, has been accused of lobbying the European Union to water down proposed AI regulations. The company reportedly argued that the regulations were too strict and would stifle innovation.

OpenAI’s lobbying efforts have drawn criticism from some AI experts, who say that the company is putting its own interests ahead of the public good. They argue that strong AI regulations are necessary to prevent the technology from being used for harmful purposes.

From time

AI Dangers: Nolan Says Media Only Cared Once Their Jobs Were Threatened

Academy Award-winning director Christopher Nolan has long been a vocal critic of artificial intelligence (AI), warning of the potential dangers of the technology. In a recent interview, Nolan said that the dangers of AI have been “apparent for years,” but that the press has only started to cover the issue more seriously since chatbots began to threaten their jobs.

“Suddenly it’s a crisis,” Nolan said. “But it’s been a crisis for a long time.”

Nolan also warned that AI could have a negative impact on filmmaking, as it could lead to the automation of jobs such as editing and visual effects.

From variety

June 19, 2023

AI Models May Face “Death Spiral” as They Feed on Each Other’s Data

A new study has found that AI models may be at risk of a “death spiral” as they feed on each other’s data. The study, published in the journal Nature Machine Intelligence, found that as AI models become more complex, they become more reliant on data from other AI models. This can lead to a situation where AI models become increasingly inaccurate, as they are all based on the same flawed data.

The study’s authors say that this is a major concern for the future of AI, as it could lead to a situation where AI models are no longer able to perform the tasks that they were designed to do. They say that more research is needed to understand how to prevent AI models from becoming trapped in a “death spiral.”

From techxplore

AI-fueled stock market boom drives up fortunes of the world’s wealthiest people

The world’s wealthiest people have seen their fortunes grow by more than $150 billion in the past year, thanks to a stock market boom that has been fueled by artificial intelligence.

The rise of AI has led to a surge in demand for technology stocks, which have outperformed the broader market. As a result, the net worth of tech giants like Microsoft, Amazon, and Alphabet has skyrocketed.

For example, Microsoft founder Bill Gates’ net worth has increased by $50 billion in the past year, while Amazon CEO Jeff Bezos’ net worth has increased by $40 billion.

From businessinsider

AI to Make Entrepreneurship Easier, Says Airbnb CEO

Airbnb CEO Brian Chesky believes that artificial intelligence (AI) will make it easier for people to start their own businesses or side hustles. He says that as AI technology continues to evolve, it will become possible to create websites and other business tools without any coding knowledge. This will open up new opportunities for entrepreneurs and allow them to focus on their core business skills.

Chesky is not alone in his belief that AI will have a positive impact on entrepreneurship. A recent study by the McKinsey Global Institute found that AI could create up to 95 million new jobs by 2030. The study also found that AI could boost global GDP by up to $15 trillion by 2030.

If you are thinking about starting your own business or side hustle, now is a great time to do it. AI technology is evolving rapidly, and it is becoming easier than ever to create the tools you need to succeed.

From cnbc

June 18, 2023

AI DJ Rocks the Airwaves in Oregon

The world’s first AI DJ has hit the airwaves in Oregon. The AI DJ, created by Futuri Media, is powered by ChatGPT-4 technology and is able to mix music, provide news updates, and interact with listeners.

The AI DJ is currently broadcasting on Alpha Media’s KBFF Live 95.5 FM in Portland, Oregon. The station’s EVP of Content, Phil Becker, said that adding AI to the radio station will allow it to be “more agile than ever.”

The AI DJ’s debut has been met with mixed reactions. Some people are excited about the possibilities of AI in the music industry, while others are concerned about the potential for job losses.

From foxbusiness

France Takes on the US and China in the AI Race

France is making a major push to position itself as the leading European hub for artificial intelligence (AI). The country has announced a number of initiatives aimed at attracting top AI talent and companies, including a new AI institute and a €1 billion investment fund.

The French government hopes that its AI push will help to boost the country’s economy and create new jobs. It also sees AI as a way to improve public services and address social challenges, such as climate change and healthcare.

France’s AI ambitions are likely to put it in direct competition with the United States and China, which are also investing heavily in the technology. The race to become the world’s leading AI superpower is just beginning.

From cnbc

Every week, we’ll meticulously curate a selection of stories from top AI media outlets and distill them into a digestible format, ensuring you stay up-to-date with the latest developments without having to spend hours browsing the web. From groundbreaking research to real-world applications, ethical debates to policy implications, AI Weekly Digest will be your essential guide to navigating the ever-evolving landscape of artificial intelligence. Join us on this exciting journey as we explore the future of AI together, one week at a time.